Tax Forfeiture in MN

Tax Forfeiture in MN

Help for Homeowners

Property Taxes are not something to mess with, however should find yourself not be able to make your Property Taxes; the County, the property resides in, will first issue a tax lien for any past due amounts. The lien affixes to the property that must be paid first before all other liens on the property when the property transfers or sells. When liens reach 3 years of Age, those liens are eligible for Tax Forfeiture. Once the Tax Forfeiture process has run through the Redemption period the property can be sold at auction to the highest bidder.

If you are homeowner in this situation here is a resource for you from the Minnesota Homeownship Center or you can connect with me, for private discussion of your options to avoid this form of Foreclosure.

MN is a tax deed state - meaning the property can only be sold to by the State of MN via the County Assessor's office once the Redemption period has expired. These sales are held every spring and fall check with the county assessors office to determine when the next sale is.

If you are an investor looking to make purchases of Tax Deeds. Connect today for a consultation to help you understand the process and risks of this form of #RealEstate #Investment.